1) On the weekly chart a nice shooting star candle
2) Break of this upward structure (green line up), is likely a start of bearish move
3) pitchfork indicates we likely see a move towards the median line again
4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable.
You can enter aggressively as shown on this chart, or a more conservative entry would be just below the consolidation area around 0.736.
Be aware of the Fibonacci levels for possible take profits.
2) Break of this upward structure (green line up), is likely a start of bearish move
3) pitchfork indicates we likely see a move towards the median line again
4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable.
You can enter aggressively as shown on this chart, or a more conservative entry would be just below the consolidation area around 0.736.
Be aware of the Fibonacci levels for possible take profits.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.